Ceiling Profit Rate definition

Ceiling Profit Rate. Means the contracted profit rate applicable to the Facility as set out in the Letter of Offer or such other rate of profit that the Bank may prescribe at any time.
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Ceiling Profit Rate means the ceiling profit rate of 18 per cent per annum which is the rate used to calculate the Murabahah Price (Bank’s Sale Price);
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Ceiling Profit Rate means the ceiling profit rate as stated in the Letter(s) of Offer for the purpose of calculation of the Asset Sale Price pursuant to the Commodity Murabahah transaction under the Facility.
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Examples of Ceiling Profit Rate in a sentence

  • The Ibra’ will be granted if the Effective Profit Rate is lower than Ceiling Profit Rate.

  • If the Facility is based on variable rate, on the difference between the Ceiling Profit Rate and Effective Profit Rate when the Effective Profit Rate is lower than the Ceiling Profit Rate.

  • The Selling Price* is calculated based on the Ceiling Profit Rate.

  • You shall agree with the Effective Profit Rates to be revised upwards (not exceeding the Ceiling Profit Rate as specified in the terms and conditions), in the event the salary deduction / salary transfer is withdrawn / non-crediting for what so ever reason.

  • Subject to Clause 17.0 below, the Bank will grant Ibra’ (rebate) on the difference between the amount of profit based on Effective Profit Rate and Ceiling Profit Rate (if any).

  • The monthly instalment will be revised accordingly in tandem with the change of the SBRI but not exceeding the Ceiling Profit Rate.

  • Ceiling Profit Rate is used to calculate total Profit for the Bank’s Selling Price of the Facility of which the maximum profit amount for the Bank to collect from the Customer.

  • In the event the Effective Profit Rate is lower than the Ceiling Profit Rate / Selling Price Rate.

  • The Customer agrees that the Bank reserves the right to vary the rebate (‘ibra), resulting in a change in Effective Profit Rate referred to in Schedule of Charges and Fees of BML Islamic at any time and from time to time at its absolute discretion subject to not exceeding the Bank’s Ceiling Profit Rate.

  • The Customer agrees that the Bank reserves the right to vary the rebate (‘ibra), resulting in a change in effective profit (lease) rate referred to in Schedule of Charges and Fees of BML Islamic at any time and from time to time at its absolute discretion subject to not exceeding the Bank’s Ceiling Profit Rate.

Related to Ceiling Profit Rate

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Final average salary means whichever of the following is greater:

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Expense Rate As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.